Exploration Updates

Airborne and ground geophysical surveys have been completed across the full extent of the Koryfi concession area. The survey programme included magnetic, radiometric and induced polarisation (IP) measurements designed to identify subsurface anomalies consistent with mineralisation at depth.

Data processing and interpretation is currently underway in collaboration with an independent geophysical consultancy. Preliminary results are encouraging and will be integrated with the existing geochemical dataset to define priority drill targets.

• Semi-airborne radiometric survey: complete
• Semi-airborne magnetic survey: complete
• Semi-airborne electromagnetic (EM) survey: complete
• Data processing: complete
• IP (Induced Polarisation) survey: next — final step before drill targeting

Systematic soil sampling across priority target zones commenced in October 2024. Samples were collected on a regular grid pattern and dispatched to an accredited laboratory for multi-element analysis including gold, silver, copper, lead, zinc and associated pathfinder elements.

Laboratory results have confirmed the presence of coherent geochemical anomalies in several target corridors, providing strong justification for the ongoing geophysical survey programme.

• Soil samples collected and dispatched to accredited laboratory
• Multi-element results received and assessed
• Anomalous zones defined for geophysical follow-up

Koryfi Mine successfully obtained all required permits and formal concession rights from the Greek Ministry of Environment and Energy following a rigorous application and review process. The concession grants exclusive exploration rights over the defined area adjacent to Koryfi village.

The award of concession rights marks the formal commencement of Koryfi Mine's exploration programme. The company is now fully compliant with Greek Law 4512/2018 and applicable EU environmental and mining regulations.